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Trucking is a commodity. Service is not.

Apr 10, 2022 at 06:34 AM CST

I have been around trucking for 42 years – literally my whole life. My grandfather and father began trucking companies. I began to learn about trucking when I was very young, because I grew up in a trucking family. Family dinners and vacations revolved around trucking. It would be unusual for my family to go through a single dinner without something about trucking coming up. I learned about economics from my father, but rather than talking about the broader economy, his lessons about the economy were all grounded in the trucking market. When I was in college, I started to learn about the broader economy, economic theory, and financial markets. I also learned the meaning of commodities.